DCTH - Delcath Systems Fri 13'th Jan 2017
Stock analysis for Fri 13'th Jan 2017 (Updated daily)
Sell candidate since 2017-01-13
Delcath Systems Stock Analysis
Delcath Systems fell by -9.09% in the last day, from USD 0.44 to USD 0.40. The price has fallen in 8 of the last 10 days and is down by -55.56% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.49 million shares and in total there were 1.30 million shares bought and sold for approx. USD 520 468.
Delcath Systems lays in the lower of a very wide and strong falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 0.32 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -58.5% during the next 3 months and, with 90% probability will hold a price between USD 0.13 and USD 0.50 at the end of this period.
There are few to none technical positive signals at the moment. Delcath Systems holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at USD 0.53 and USD 1.34. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday January 12, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell along with the share price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 12 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. On the upside the stock meets some resistance from accumulated volume at USD 0.44, USD 0.48.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved USD 0.05 between high and low, or 12.50%. For the last week the stock has had a daily average volatility of 38.18%.
Delcath Systems is overbought on RSI14 (12). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level thge stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Delcath Systems holds several negative signals and is within a very wide and strong falling trend, so we believe it will still perform weak in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.